"Elite Universities Settle Price-Fixing Case"

Five elite universities, including Yale, Duke, and Columbia, have agreed to pay $104.5 million to settle a lawsuit accusing them of violating their "need-blind" financial aid agreement by factoring in students' financial ability when making admissions decisions. The settlements raise questions about the schools' commitment to lowering tuition despite touting generous financial aid, with other universities still embroiled in the litigation.